Pakistan Economic and Social Review

Editor

Editor : RAFIQUE AHMAD
Co-Editor : A. R. CHAUDHARY
Managing Editor : HAFEEZ UR REHMAN
Assistant Managing Editor : MUHAMMAD AZMAT HAYAT
Editorial Coordinator : SALMAN AZAM JOIYA

Advisory Board

ABDUL RAUF BUTT Professor of Economics Lahore Leads University, Lahore E-mail: drarbutt@yahoo.com	KHAYRAT MUHAMMAD Professor of Economics University of the Punjab, Lahore-54590 E-mail: drkhayratmuhammad@gmail.com
NAVED AHMAD Associate Professor Institute of Business Administration, Karachi E-mail: navedahmad@hotmail.com nahmad@iba.edu.pk	PERVEZ AZIM Foreign Professor of Economics Dean, Faculty of Arts and Social Sciences Government College University, Faisalabad E-mail: dr_azim@hotmail.com parvezazim@hotmail.com
RANA ZAKIR HUSSAIN Vice-Chancellor GC University, Faisalabad E-mail: zakir_rana@yahoo.com	SHAHNAZ A. RAUF Professor of Economics Air University, Islamabad E-mail: shahnazarauf@yahoo.com

INTERNATIONAL ADVISORY BOARD

AVIK CHAKRABARTI
Associate Professor, Department of Economics
University of Wisconsin, Milwaukee (USA)
E-mail: chakra@uwm.edu

CHULHO JUNG
Professor, Department of Economics
Ohio University, Athens, Ohio (USA)
E-mail: jung@ohio.edu

CHOON YIN SAM
School of Business and Information Technology
PSB Academy, 355 Jalan Bukit Ho Swee
169567 (Singapore)
E-mail: choon-yin.sam@psb-academy.edu.sg

DIPENDRA SINHA
Professor of Economics
Macquarie University College of Management
Ritsumeikan Asia Pacific University (Japan)
E-mail: dipendra.sinha@gmail.com

ETIENNE FARVAQUE
Director, Equipe dâ€™Economie â€“
Le Havre Normandie (EDEHN)
Faculty of International Affairs
University of Havre (France)
E-mail: etienne.farvaque@univ-lehavre.fr

HUBERT JAYET
Director, EQUIPPE
Faculty of Economics and Social
Sciences University of Sciences and Technologies Lille (France)
E-mail: Hubert.jayet@univ-lille1.fr

INAYAT ULLAH MANGLA
Professor of Finance
Department of Finance and Commercial Law
Haworth College of Business
Western Michigan University (USA)
E-mail: inayat.mangla@wmich.edu

KATHARINA MICHAELOWA
Professor
Department of Political Science
University of Zurich (Germany)
E-mail: katja.michaelowia@pw.unizh.ch

MOHAMMAD MAFIZ UR RAHMAN
School of Accounting, Economics and Finance
University of Southern Queensland (Australia)
E-mail: rahman@usq.edu.au

NUNO CARLOS LEITAO
ESGTS, Polytechnic Institute of Santarem
Lusiada University of Lisbon (Portugal)
E-mail: nunocarlosleitao@gmail.com

NUSSER RAAJPOOT
Associate Professor, Department of Marketing
Central Connecticut State University
1615, Stanley Street New Britain, CT 06050 (USA)
E-mail: raajpootnus@mail.ccsu.edu

PEI-THA GAN
Department of EconomicsUniversiti Pendidikan Sultan IdrisTanjong Malim (Malaysia)E-mail: tha_9999@yahoo.com gan.pt@fpe.upsi.edu.my

SHAIKH M. GHAZANFAR
Professor Emeritus
Department of Economics
University of Idaho, Moscow, Idaho (USA)
E-mail: ghazi@uidaho.edu

STÃ‰PHANE VIGEANT
Professor of Economics
Faculty of Economics and Social
Sciences University of Sciences
and Technologies Lille (France)
E-mail: stephane.vigeant@univ-lille1.fr

SUNWOONG KIM
Professor of Economics
University of Wisconsin, Milwaukee (USA)
E-mail: kim@uwm.edu